The shares of the world’s leading electric car company (Tesla) jumped by more than 11% during pre-market trading on Wednesday, reaching their highest level in two weeks.

The strong rise in Tesla’s stock was driven by Elon Musk’s positive expectations, which suggested a growth in car sales for the American company Tesla, Inc by 20%-30% during 2025, reassuring investors that Elon Musk is still looking to expand Tesla’s core business of selling electric vehicles and easing concerns about the timing of robot production.

Tesla had made bold announcements in the last quarter about new development plans excluding vehicles - whether driverless taxis or human-like robots - raising concerns among investors about shrinking profit margins which had already declined due to lower prices for models.

At the close of the American stock market session last night, Tesla announced that third-quarter revenue had recorded $25.18 billion, falling short of Wall Street expectations which had estimated an increase in revenue to $25.4 billion.

In the last quarter, earnings per share were recorded at $0.72, while estimates pointed to an increase in earnings per share to $0.6.

Tesla stock now

In pre-market trading, Tesla’s shares (NasdaqGS: TSLA) surged by about 11.97%, equivalent to $25.57, trading near the level of $239.22.